$POL path to revival: How crossing $0.6 could spark a massive rally - AMBCrypto Analytics

POL has struggled with price underperformance for months, despite its significant MATIC to POL upgrade. However, recent data suggests that the future could be more promising. Over the past week, POL saw a 26% price increase, driven by favorable market conditions. While this price surge occurred, only 15% of investors were in profit, indicating that the potential for profit-taking remains low, which typically supports further price growth.

On-chain activity has also been picking up, with rising active addresses and transaction volumes, signaling growing investor interest. Furthermore, whale activity has surged, with major players accumulating 140 million POL tokens. This accumulation suggests confidence in POL's future price action.

Polygon’s price is currently within a multi-year bullish pattern. A weekly close above $0.7973 could trigger a rally, with price targets ranging from $15.27 to $36.17. With increasing investor activity and bullish market sentiment, Polygon may be poised for a breakout in the near future.